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(Shremetal) Shremetal complete technical analysis [charts+indicators] | Buy/Sell Shremetal | (Shremetal) share price targets

Complete technical analysis of Shremetal (Shremetal) by charts plus indicators, forecast predictions and share price targets for Shremetal (Shremetal)

Showing technical analysis as on 2022-05-09 View latest technical analysis

10 day averaged volume of Shremetal is 477

Date Daily Closing Price Open High Low Volume
09 Mon May 2022 23.80 23.80 23.80 23.80 0.419 times
06 Fri May 2022 22.70 22.75 22.75 22.70 0.231 times
05 Thu May 2022 21.70 21.75 21.75 21.70 2.101 times
04 Wed May 2022 22.80 22.80 22.80 22.80 0.159 times
29 Fri Apr 2022 24.00 25.00 25.00 24.00 1.677 times
27 Wed Apr 2022 23.85 23.50 23.85 22.75 0.874 times
26 Tue Apr 2022 23.85 23.85 23.85 23.35 0.321 times
25 Mon Apr 2022 23.35 23.35 23.35 23.35 0.21 times
22 Fri Apr 2022 24.55 24.55 24.55 24.55 4.195 times
21 Thu Apr 2022 24.05 24.05 24.05 24.05 0.21 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.9 or till 21.7. Use a stoploss of 23.92 and if the stock hits stoploss, then it can shoot up till 24.92

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Downside Target 22.35
Downside Target 23.80
Upside Target 24.55
Upside Target 25.00
Upside Target 25.15
Upside Target 26.40
Upside Target 28.00
Upside Target 29.50
Upside Target 30.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 23.8
Downside Intraday Target 23.8
Downside Intraday Target 23.8
Downside Intraday Target 23.8
Downside Intraday Target 23.8

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
09 Mon May 2022 23.80 23.80 23.80 23.80 0.168 times
06 Fri May 2022 22.70 22.80 22.80 21.70 0.808 times
29 Fri Apr 2022 24.00 23.35 25.00 22.75 0.681 times
22 Fri Apr 2022 24.55 23.85 24.55 22.95 0.982 times
13 Wed Apr 2022 25.10 22.35 25.15 22.35 0.368 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shremetal (Shremetal)

Date Monthly Closing Price Open High Low Volume
09 Mon May 2022 23.80 22.80 23.80 21.70 0.107 times
29 Fri Apr 2022 24.00 23.75 26.40 22.35 2.283 times
31 Thu Mar 2022 24.00 20.75 28.00 20.75 0.551 times
28 Mon Feb 2022 21.70 27.15 29.50 21.70 0.477 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shremetal (Shremetal)

Indicator Name Indicator Value Indicator Signal
ADX 37, 36, 2 Buy
MACD -1, -1Sell
Stochastics 31None
CCI 37Buy
RSI 45Sell
OBV 2808Sell
VWAP 24Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shremetal ( (Shremetal) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shremetal stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shremetal in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shremetal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shremetal in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shremetal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.67 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Shremetal (Shremetal) stock. Volume based technical analysis of Shremetal (Shremetal) stock is negative.

Shremetal Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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